RE:RE:GOLD 2023 - whoot whootHere's the thing. We had a very fearful market and AMK got dumped to 11cts... support came in and in spite of TUD totally falling apart 11 became support as expected even with TUD at 86cts. Gold was falling apart.. Now, Gold is setting itself up for a possible reversal hitting its head on MAJOR R at 1860. I am not saying Gold will not drop back to 1770 from here but I also know when 1863 breaks $2300-2400 starts looking very real for 2023.
I am not waiting for to be the guy in the back seat of the cabbie telling me about a Golden opportunity lol.. It doesn't get much better than this. I have been building a postion in a few plays lately because these beaten up plays will not stay here forever and we know what happens when the masses return.
The Venture always gets sold 500% lower than the main indices but also rises twice as high.. So when opportunity knocks you go for it.... I have been waiting to deploy cash and feel the time is now. YES there is always risk but heh that is a given.
When you look at the chart on Gold when 1900 goes it will test 2100 for the third time and generally always what that means is a nice new high often 50% higher than the old high. That would be closer to $3000.. Even 2300-2400 works for me because it sets the market up for some fun..
LONG on AMK